Danske Bank A S Buys New Stake in Royal Bank Of Canada Worth $2.34 Million

Danske Bank A S has acquired a new stake in Royal Bank Of Canada (NYSE:RY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,358 shares of the financial services provider's stock, valued at approximately $2,343,000.

This is not the only new stake in Royal Bank Of Canada that has been acquired recently. Several other hedge funds have also modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new position in the company during the 4th quarter valued at about $25,000.

The institutional investors and hedge funds currently own 45.31% of the stock. Royal Bank Of Canada has a market cap of $284.06 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.62, and a beta of 0.80.

The company's most recent earnings results were reported on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.81 by $0.03.